samsung pay 1Samsung is planning to launch its mobile payments service Samsung Pay as a downloadable iOS app, according to a new report from South Korea's ETNews. Called Samsung Pay Mini, the app will allow iPhone users to enter their credit card information to make payments within online stores.

Not many details were given about the initial launch, but the app seems to be limited to South Korea and available only as an online payment option with no retail support yet. The rollout in South Korea could begin as early as June.

Samsung's reason behind introducing support for its mobile wallet onto iOS is reportedly due to Samsung Pay's poor performance on the company's line of Galaxy smartphones. An expansion to Apple's iOS ecosystem is hoped to help bolster Samsung Pay usage beyond its current limited scope.

“By releasing SamsungPay Mini, Samsung Electronics has completed a versatile platform that absorbs online and mobile payments.” said a high-ranking representative of a card company. “Besides of online payments, SamsungPay Mini will be a catalyst for Samsung Electronics in tying together variety of additional businesses.”

According to sources within the IT and financial industries, the company plans for the new app to be free and work on all Android devices as well as Apple's iPhone. During the initial launch in South Korea, Samsung Card, Lotte Card, and Hana Card have all agreed to support Samsung Pay Mini. KB Card and a few other companies have mentioned interest in joining the service, as well, but beyond South Korea, there was no mention of a wider Samsung Pay Mini launch.

On Apple's side of the mobile payment market, the Cupertino company has been expanding Apple Pay's presence in multiple countries ever since its launch in 2014. This morning, Apple Pay VP Jennifer Bailey described how the company is "working rapidly" to get its mobile wallet into "every significant market" Apple is currently involved in.

Related Roundup: Apple Pay

Top Rated Comments

benjitek Avatar
68 months ago
For people who find ApplePay excessively intuitive and easy-to-use, just install Samsung Pay.
Score: 30 Votes (Like | Disagree)
matt3526 Avatar
68 months ago
Why would anyone ever want this? People will either use Apple pay or Android pay. Who is going to unlock their phone and open an app to pay?
Score: 18 Votes (Like | Disagree)
zubikov Avatar
68 months ago
Why? I'm really trying to be non-judgemental about this and legitimately wondering what is the point? If I have an iPhone, why would I download an external app, give them my credit card number, and use some convoluted payment scheme to only pay online using a third party app? Most credit cards already offer virtual credit card numbers if safety is your concern, and honestly at that point i'd be more worried baout trusting Samsung with my data given how their smart TVs behave.
Score: 13 Votes (Like | Disagree)
dannyyankou Avatar
68 months ago
Actually laughing out loud
Score: 7 Votes (Like | Disagree)
penajmz Avatar
68 months ago
And the point of this would be?
Score: 6 Votes (Like | Disagree)
Rocketman Avatar
68 months ago
Wait, WHAT? Why would anyone even consider using this over Apple Pay? Hahahahahahah!
Is ApplePay in S Korea yet?
Score: 3 Votes (Like | Disagree)

Top Stories

REC ASA CODE2016 20160601 205816 2745

Elon Musk Reportedly Demanded to Become Apple CEO as Part of Potential Tesla Acquisition [Update: Musk Denies]

Friday July 30, 2021 9:04 am PDT by
Tesla CEO Elon Musk reportedly once demanded that he be made Apple CEO in a brief discussion of a potential acquisition with Apple's current CEO, Tim Cook. The claim comes in a new book titled "Power Play: Tesla, Elon Musk and the Bet of the Century," as reviewed by The Los Angeles Times. According to the book, during a 2016 phone call between Musk and Cook that touched on the possibility of ...
General Apps Messages

Android iMessage Competitor Puts Pressure on Apple

Friday July 30, 2021 3:15 am PDT by
Google and the three major U.S. carriers, including Verizon, AT&T, and T-Mobile, will all support a new communications protocol on Android smartphones starting in 2022, a move that puts pressure on Apple to adopt a new cross-platform messaging standard and may present a challenge to iMessage. Verizon recently announced that it is planning to adopt Messages by Google as its default messaging...
Apple watch series 5 new case material made of titanium 091019

Titanium Apple Watch Series 6 Models Currently Widely Unavailable

Sunday August 1, 2021 6:21 am PDT by
Models of the Apple Watch Series 6 with titanium cases part of the "Apple Watch Edition" collection is currently widely unavailable for pick-up in several of Apple's retail stores in the United States and is unavailable entirely for delivery in major markets. Noted by Bloomberg's Mark Gurman in the latest edition of his "Power On" newsletter, titanium models of the Apple Watch Series 6,...
ifixit iphone12 mini

Apple to Make Space for Larger Batteries in iPhones, iPads, and MacBooks By Adopting Slimmer Peripheral Chips

Monday August 2, 2021 2:12 am PDT by
For future iPhones, iPads, and MacBooks, Apple plans to use smaller internal components in an effort to increase the size of the device's battery, according to DigiTimes. Image Credit: iFixit Specifically, Apple plans to "significantly increase the adoption" of IPDs or integrated passive devices for the peripheral chips in its products. These news chips will be slimmer in size and allow for...
Flat 2021 MacBook Pro Mockup Feature

Unreleased Apple Macs and Apple Watches Listed in Eurasian Database Ahead of Fall Product Launches

Monday August 2, 2021 9:34 am PDT by
Apple is preparing for a slew of fall product launches according to new filings that showed up today in the Eurasian Economic Commission database. There are listings for new Mac and Apple Watch models, all of which have previously unknown model identifiers that indicate that they're upcoming devices. There are six new Apple Watch identifiers, including A2473, A2474, A2475, A2476, A2477, and...
a15 chip

iPhone 13 and Redesigned MacBook Pro Chip Production Hit With Gas Contamination

Friday July 30, 2021 5:44 am PDT by
The most important TSMC factory that manufactures Apple's chips destined for next-generation iPhone and Mac models has been hit by a gas contamination, according to Nikkei Asia. The factory, known as "Fab 18," is TSMC's most advanced chipmaking facility. TSMC is Apple's sole chip supplier, making all of the processors used in every Apple device with a custom silicon chip. Industry...
iPhone 13 Wi Fi 6E feature update

Wi-Fi 6E Explained: What It Could Mean for iPhone 13 and Beyond

Monday August 2, 2021 8:00 am PDT by
The iPhone 13 is widely expected to come with Wi-Fi 6E capabilities, and while it may seem rather nuanced to the average consumer, with only improved speeds and being "up to date" in the realm of Wi-Fi technology, it's actually a fairly significant improvement, laying the groundwork for much of what we know the future holds. To truly understand Wi-Fi 6E, MacRumors sat down for an exclusive...
youtube premium lite

YouTube Tests Cheaper 'Premium Lite' Subscription for Ad-Free Viewing

Monday August 2, 2021 3:22 am PDT by
YouTube is piloting a new cheaper subscription tier in Europe called "Premium Lite," which offers ad-free viewing minus YouTube Premium's other features. First spotted by a user on ResetEra and subsequently confirmed by Google, the "Lite" plan means users who aren't interested in offline downloads or background playback can still enjoy YouTube videos on web and mobile app without being...
iPhone 13 Always On Feature

iPhone 13 to Bring Over a Major Feature From the Apple Watch

Wednesday July 28, 2021 2:21 am PDT by
Apple's upcoming iPhone 13 lineup will feature an always-on display akin to the Apple Watch Series 5 and Series 6, according to recent reports. In his weekly Power On newsletter, Bloomberg journalist Mark Gurman, who often reveals accurate insights into Apple's plans, said that the iPhone 13 may feature an Apple Watch-inspired always-on mode. The Apple Watch Series 5 and Apple Watch...
COVID19 Digital Wallet Apple Wallet

Australian Government Now Offering COVID-19 Digital Vaccination Certificates for Apple Wallet

Monday August 2, 2021 12:04 am PDT by
The Australian government has introduced support for adding COVID-19 vaccination digital certificates to Apple Wallet via the Express Plus Medicare app on iOS. Image credit: Tap Down Under As spotted by Tap Down Under, users who have received two doses of either the AstraZeneca or Pfizer vaccine now have access to the digital certificate through their Medicare online account or via the Medica...